Minda, resident citizen, invested in a 6-year bond issued by a local bank. The bond was issued by the bank to more than 20 persons in the public and complied with legal requirements. Minda earned a total of P2,000 interest on the instrument for the current period. How much is the final tax on the interest?

Minda, resident citizen, invested in a 6-year bond issued by a local bank. The bond was issued by the bank to more than 20 persons in the public and complied with legal requirements. Minda earned a total of P2,000 interest on the instrument for the current period. How much is the final tax on the interest?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 25DQ

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